MP hears Brexit business concerns

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Dundee East MP, Stewart Hosie, today (Friday) met a Broughty businessman to hear first hand how Brexit and the depreciation of Sterling is already affecting his business here.

Alex Cooper, owner of World of Cycles in Broughty Ferry, told Mr Hosie that almost all of his suppliers have increased, or are planning to increase, their costs in the aftermath of the Brexit vote.

He also told Mr Hosie that one supplier has stopped importing a specialist product completely due to the increases in cost.

Mr Cooper said: “While I will do everything I can to protect my customers from price rises, it is clear that Brexit is already having an impact on businesses.”

Mr Hosie commented: “It won’t take Mr Cooper’s story to be replicated many times for even the most Eurosceptic Brexiteer to understand that ripping Scotland and the UK from the EU will have very serious consequences.

“Mr Cooper’s experience also means staying fully part of the single market is absolutely vital.

“My concern is that leaving the single market and re-introducing tariff barriers would increase business costs even further.”